About The Author

Jack Scoville

Jack Scoville is an often quoted market analyst in the grain and soft commodities sectors. You will find his commentary throughout the Reuters, Wall Street Journal, Dow Jones, Bloomberg, and Barron's publications. Contact Mr. Scoville at (312) 264-4322

DJ USDA Report: Summary for U.S. Agriculture Supply, Demand Report
Following are key numbers from the USDA’s crop report and how the government’s estimates compared to analysts’ forecasts in a Wall Street Journal survey.
U.S. 2020 Corn, Soybean Production (million bushels)
Friday’s Average USDA
USDA Est. Forecast Range Sept.
Corn Production 14,722.0 14,801 14,638-14,963 14,900
Corn Yield 178.4 177.6 175.4-179.2 178.5
Harvested Acres 82.5 83.3 82.7-83.5 83.5
Soybean Production 4,268.0 4,292 4,249-4,358 4,313
Soybean Yield 51.9 51.7 51.2-52.5 51.9
Harvested Acres 82.3 82.9 82.5-83.0 83.0
****
U.S. 2020-21 Stockpiles (millions)
Friday’s Average USDA
USDA Est. Forecast Range Sept.
Corn 2,167.0 2,130 1,882-2,333 2,503
Soybeans 290.0 360 285-436 460
Wheat 883.0 889 835-915 925
****
World Stockpiles (million metric tons)
2019-20
Friday’s Average USDA
USDA Est. Forecast Range Sept.
Corn 304.2 304.8 302.5-311.2 309.2
Soybeans 93.8 94.7 94.0-95.6 96.0
Wheat 299.4 299.1 297.0-300.0 299.8
2020-21
Friday’s Average USDA
USDA Est. Forecast Range Sept.
Corn 300.5 299.7 295.5-305.0 306.8
Soybeans 88.7 90.9 88.1-93.1 93.6
Wheat 321.5 316.9 310.9-319.0 319.4

WHEAT
General Comments: Winter Wheat markets were higher and made new highs for the move again last week before finding some selling interest later in the week. USDA released its production estimate and it was close to expectations. Ending stocks were also close to expectations at 883 million bushels. World ending stocks were 321.5 million tons, up from last month and well above the average trade guess. World demand for US Wheat depends mostly on lower prices for US Wheat to compete with Russia, Europe, and other sellers. The overseas weather is mixed. Western Europe is likely to get some good rains in the short term, but southern Russia could stay dry. Some showers are forecast for Ukraine this week, but the eastern sections of the country should stay dry. The country and Kazakhstan have both been dry. These areas are trying to plant the next Winter Wheat crop but the dry weather and the dry soils are keeping farmers out of the fields. Less production is likely in Argentina due to drought. About quarter of Argentine growing areas are affected after some beneficial rains in some areas last week. Western Australia has also been very dry. Conditions are improved in the US after some rains fell in the Great Plains but the western Great Plains remains mostly hot and dry. The Midwest has had good rains.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should be above normal. Northern areas should see mostly dry conditions. Temperatures will average above normal. The Canadian Prairies should see isolated showers. Temperatures should average near to above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 589, 587, and 576 December, with resistance at 611, 614, and 617 December. Trends in Kansas City are mixed. Support is at 535, 525, and 515 December, with resistance at 553, 555, and 558 December. Trends in Minneapolis are mixed. Support is at 539, 531, and 523 December, and resistance is at 553, 556, and 567 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 06, 2020
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
WHEAT-SRW – CHICAGO BOARD OF TRADE
CFTC Code #001602 Open Interest is 520,547
: Positions :
: 79,928 72,209 169,453 54,312 175,994 183,579 51,471 487,271 469,128: 33,276 51,419
: Changes from: September 29, 2020 (Change in open interest: 56,031) :
: 15,159 -8,726 30,379 5,873 22,125 103 6,538 51,514 50,316: 4,517 5,715
: Percent of Open Interest Represented by Each Category of Trader :
: 15.4 13.9 32.6 10.4 33.8 35.3 9.9 93.6 90.1: 6.4 9.9
: Total Traders: 393 Number of Traders in Each Category :
: 107 97 111 76 124 47 25 292 301:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 06, 2020
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
WHEAT-HRW – CHICAGO BOARD OF TRADE
CFTC Code #001612 Open Interest is 263,344
: Positions :
: 54,855 42,446 60,367 51,582 128,407 75,111 10,985 241,915 242,205: 21,429 21,138
: Changes from: September 29, 2020 (Change in open interest: 24,336) :
: 4,635 -6,795 13,181 2,673 18,709 2,313 -433 22,802 24,663: 1,534 -326
: Percent of Open Interest Represented by Each Category of Trader :
: 20.8 16.1 22.9 19.6 48.8 28.5 4.2 91.9 92.0: 8.1 8.0
: Total Traders: 261 Number of Traders in Each Category :
: 66 51 59 69 89 33 12 201 184:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 6, 2020
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
WHEAT-HRSpring – MINNEAPOLIS GRAIN EXCHANGE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #001626 Open Interest is 64,401 :
: Positions :
: 28,467 28,685 2,433 217 336 11,308 16,420 775 4,635 2,834 3,466 :
: Changes from: September 29, 2020 :
: -721 21 -373 212 50 396 678 -544 378 133 388 :
: Percent of Open Interest Represented by Each Category of Trader :
: 44.2 44.5 3.8 0.3 0.5 17.6 25.5 1.2 7.2 4.4 5.4 :
: Number of Traders in Each Category Total Traders: 98 :
: 43 36 . . . 10 13 . 8 6 7 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 6, 2020
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
BLACK SEA WHEAT FINANCIAL – CHICAGO BOARD OF TRADE 50 Metric Tons :
CFTC Code #00160F Open Interest is 21,300 :
: Positions :
: 5,793 18,936 0 325 25 14,235 0 195 0 191 455 :
: Changes from: September 29, 2020 :
: -3,208 -3,965 0 -328 -32 -438 0 100 -356 31 -288 :
: Percent of Open Interest Represented by Each Category of Trader :
: 27.2 88.9 0.0 1.5 0.1 66.8 0.0 0.9 0.0 0.9 2.1 :
: Number of Traders in Each Category Total Traders: 32 :
: 8 22 0 . . 6 0 . 0 . . :
—————————————————————————————————————-

RICE
General Comments Rice was lower last week as selling developed in the market on Friday. Some of the selling came in response to the USDA reports. USDA showed that production was higher at 226.336 million hundredweight and was higher for long grain at 169.962 million hundredweight. Ending stocks were increased to 47.7 million hundredweight for all Rice and 34.4 million hundredweight for Long Grain as there were no adjustments made to demand. US export demand was very strong once again last week and were a marketing year high. Central and South American countries were the best buyers, followed by eastern Asia. The rebound in demand supported futures and pushed the market to test recent highs for the move. The harvest has been active in northern states with good field yields reported. Southern Louisiana and Texas are done with the first crop harvest and are waiting for the second crop to mature. Quality is said to be very good, especially in Arkansas.
Overnight News: The Delta should get mostly dry conditions but big rains this weekend from the hurricane. Temperatures should trend to near to above normal.
Chart Analysis: Trends are mixed. Support is at 1242, 1239, and 1220 November, with resistance at 1260, 1275, and 1280 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 6, 2020
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
ROUGH RICE – CHICAGO BOARD OF TRADE (CONTRACTS OF 200,000 POUNDS) :
CFTC Code #039601 Open Interest is 10,535 :
: Positions :
: 4,397 8,857 100 0 0 2,604 517 0 997 161 359 :
: Changes from: September 29, 2020 :
: -131 292 0 0 0 58 50 0 -10 11 96 :
: Percent of Open Interest Represented by Each Category of Trader :
: 41.7 84.1 0.9 0.0 0.0 24.7 4.9 0.0 9.5 1.5 3.4 :
: Number of Traders in Each Category Total Traders: 48 :
: 15 18 . 0 0 11 . 0 8 . . :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn moved higher and made new highs for the move last week. USDA said that Corn production was 14.722 billion bushels and ending stocks will be 2.167 billion bushels. Production is a little below the average trade guess, but ending stocks estimates are above the average trade guess. World ending stocks were estimated at 300.5 million tons, above the average trade guess. Harvest reports from the country suggest that production of a good crop is likely. Demand is holding strong for exports, but domestic demand was cut back from previous estimates. The demand has come primarily from China as the state companies bought for the reserve, but that buying appears to be almost complete now. The harvest has expanded into the Midwest with very good harvest conditions. The Midwest harvest has been slow as the Corn is slow to dry down.
Overnight News:
Chart Analysis: Trends in Corn are up with objectives of 398 December. Support is at 387, 385, and 382 December, and resistance is at 398, 401, and 404 December. Trends in Oats are mixed. Support is at 289, 286, and 281 December, and resistance is at 297, 300, and 303 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 06, 2020
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
CORN – CHICAGO BOARD OF TRADE
CFTC Code #002602 Open Interest is 1,974,057
: Positions :
: 265,628 128,088 507,861 578,081 983,623 440,015 107,391 1,791,585 1,726,963: 182,472 247,094
: Changes from: September 29, 2020 (Change in open interest: 94,215) :
: 32,672 -16,792 35,991 5,851 66,682 5,098 8,436 79,612 94,317: 14,603 -101
: Percent of Open Interest Represented by Each Category of Trader :
: 13.5 6.5 25.7 29.3 49.8 22.3 5.4 90.8 87.5: 9.2 12.5
: Total Traders: 830 Number of Traders in Each Category :
: 178 140 176 334 388 48 26 657 644:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 6, 2020
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
OATS – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #004603 Open Interest is 5,683 :
: Positions :
: 1,217 4,550 123 0 0 1,375 0 0 623 22 238 :
: Changes from: September 29, 2020 :
: -264 -118 -1 0 0 156 0 0 1 18 -52 :
: Percent of Open Interest Represented by Each Category of Trader :
: 21.4 80.1 2.2 0.0 0.0 24.2 0.0 0.0 11.0 0.4 4.2 :
: Number of Traders in Each Category Total Traders: 27 :
: 7 9 . 0 0 9 0 0 5 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal closed higher for the week in reaction to the USDA production and supply and demand estimates. The report showed US Soybeans production at 4.268 billion bushels and ending stocks projections at just 290 million bushels. The combination of reduced production and increased export demand led to the bullish ending stocks estimate. Domestic demand was left unchanged. World ending stocks were estimated at 77.7 million tons, just over 2.0 million tons less than the average trade guess. The harvest has started to expand and reports indicated that the producer is selling Soybeans right off the combine or is delivering against previous contracts. Chinese buying for the reserve is almost finished. Ideas are that individual crushers are still with positions to buy. Soybeans were the leader to the upside due to the strong Chinese demand until this week. The trade generally expects China to shift its buying back to Brazil in the near future, but Brazil has been hot and dry and parts of Argentina have also been dry and some of the early planting has been delayed. That might keep the Chinese buying in the US for a little longer, but only for the crushers and not for the reserve. Brazil is expected to get rains starting this weekend, so all of the projected Soybeans area will get planted and a big crop from Brazil is still expected.
Overnight News:
Chart Analysis: Trends in Soybeans are up with no objectives. Support is at 1047, 1035, and 1025 November, and resistance is at 1080, 1084, and 1096 November. Trends in Soybean Meal are mixed to up with objectives of 365.00 and 377.00 December. Support is at 355.00, 353.00, and 349.00 December, and resistance is at 369.00, 372.00, and 375.00 December. Trends in Soybean Oil are up with objectives of 3530 and 3720 December. Support is at 3340, 3280, and 3250 December, with resistance at 3470, 3500, and 3550 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 06, 2020
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEANS – CHICAGO BOARD OF TRADE
CFTC Code #005602 Open Interest is 1,273,728
: Positions :
: 241,687 40,821 322,251 354,590 743,436 274,507 74,523 1,193,035 1,181,032: 80,693 92,697
: Changes from: September 29, 2020 (Change in open interest: 83,303) :
: 16,568 -3,850 23,583 25,020 57,402 8,627 11,799 73,799 88,934: 9,504 -5,631
: Percent of Open Interest Represented by Each Category of Trader :
: 19.0 3.2 25.3 27.8 58.4 21.6 5.9 93.7 92.7: 6.3 7.3
: Total Traders: 707 Number of Traders in Each Category :
: 216 120 197 209 272 54 26 566 547:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 06, 2020
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEAN OIL – CHICAGO BOARD OF TRADE
CFTC Code #007601 Open Interest is 525,540
: Positions :
: 82,465 19,568 114,657 146,029 341,805 144,374 24,694 487,526 500,724: 38,015 24,817
: Changes from: September 29, 2020 (Change in open interest: 8,049) :
: -12,008 1,478 10,759 12,061 -571 160 -2,337 10,973 9,329: -2,923 -1,280
: Percent of Open Interest Represented by Each Category of Trader :
: 15.7 3.7 21.8 27.8 65.0 27.5 4.7 92.8 95.3: 7.2 4.7
: Total Traders: 303 Number of Traders in Each Category :
: 92 44 88 80 83 41 22 261 205:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 06, 2020
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEAN MEAL – CHICAGO BOARD OF TRADE
CFTC Code #026603 Open Interest is 526,287
: Positions :
: 84,634 15,186 113,897 145,651 343,117 127,515 24,325 471,697 496,525: 54,591 29,762
: Changes from: September 29, 2020 (Change in open interest: 27,253) :
: 7,221 -2,329 8,265 1,088 20,613 7,534 403 24,109 26,953: 3,144 300
: Percent of Open Interest Represented by Each Category of Trader :
: 16.1 2.9 21.6 27.7 65.2 24.2 4.6 89.6 94.3: 10.4 5.7
: Total Traders: 285 Number of Traders in Each Category :
: 96 31 71 85 92 37 18 246 191:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed higher on ideas of decreasing production and stronger demand. China is back from its holiday and has been the big buyer in Palm Oil. India is also buying. It is seasonally a time for trees to produce more due to more regular rains. Getting workers to do the harvest has been hard, though, and the lack of labor has been a big problem. At least some of the plantation owners have asked for more migrant workers to cover the lack of workers that can be sourced locally. Demand reports from the private surveyors are stronger this month. Soybean Oil and Canola were higher. Canola farmers are selling due to harvest pressure, but industry and speculators are buying. The Canadian Dollar is higher but Canola is still considered relatively cheap in the world market.
Overnight News:
Chart Analysis: Trends in Canola are mixed to up with objectives of 536.00, 538.00, and 554.00 November. Support is at 522.00, 519.00, and 513.00 November, with resistance at 529.00, 534.00, and 536.00 November. Trends in Palm Oil are mixed to up with objectives of 3000 and 3180 December. Support is at 2870, 2820, and 2770 December, with resistance at 3000, 3030, and 3080 December.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 6, 2020
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
CANOLA – ICE FUTURES U.S. (20 Metric Tonnes) :
CFTC Code #135731 Open Interest is 226,464 :
: Positions :
: 128,665 183,549 2,956 3,636 1,118 59,865 1,395 6,284 9,287 11,016 16,953 :
: Changes from: September 29, 2020 :
: -21,189 -15,727 1,347 -23 -69 1,112 -529 -1,330 1,564 -516 -396 :
: Percent of Open Interest Represented by Each Category of Trader :
: 56.8 81.1 1.3 1.6 0.5 26.4 0.6 2.8 4.1 4.9 7.5 :
: Number of Traders in Each Category Total Traders: 313 :
: 41 83 4 6 . 50 12 13 44 96 27 :
—————————————————————————————————————-

DJ Canadian Grain Handling Summary – Oct 9
WINNIPEG–The following are Canadian grain handling summary
statistics for the week ended Oct. 4, 2020. Figures in thousands of metric
tons.
Source: Canadian Grain Commission.
Durum
Wheat Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This Week 2640.6 925.0 359.9 522.6 47.3 1785.9 530.1 38.9 7750.0
Week Ago 2586.3 853.7 417.5 516.6 30.8 1660.9 558.3 36.5 7448.9
Year Ago 2120.7 588.2 191.2 407.8 17.9 977.6 432.9 35.2 5182.3
PRODUCER DELIVERIES
This Week 403.1 161.4 70.5 143.4 17.3 630.5 45.4 4.4 1661.3
Week Ago 487.1 96.9 88.3 114.1 9.9 676.1 80.5 8.6 1744.2
To Date 3741.7 922.6 674.4 932.3 55.8 4202.4 1404.0 68.3 13152.3
Year Ago 3482.8 699.0 542.5 650.3 16.5 2935.8 1149.4 74.0 10048.5
TERMINAL RECEIPTS
This Week 431.3 159.7 18.8 56.1 2.8 342.4 64.0 0.0 1359.6
Week Ago 395.4 114.0 12.6 65.2 0.4 301.4 130.4 0.0 1212.4
To Date 4927.3 908.1 113.9 471.2 20.3 2201.8 912.0 15.2 10468.1
Year Ago 3232.4 1074.4 89.2 175.0 1.0 1555.1 746.2 7.2 7500.4
EXPORTS
This Week 529.6 51.0 84.3 52.8 0.9 223.2 61.2 0.0 1175.6
Week Ago 374.9 80.5 33.0 96.9 1.8 291.1 76.8 0.0 1036.1
To Date 3752.3 487.1 379.5 462.4 42.8 1881.3 794.5 10.1 8343.8
Year Ago 2782.5 860.0 286.7 169.3 7.9 1312.1 727.4 12.5 6784.3
DOMESTIC DISAPPEARANCE
This Week 75.5 4.8 16.5 24.8 1.2 187.2 4.4 7.2 344.1
Week Ago 102.2 3.2 14.1 22.1 1.6 200.1 4.0 15.7 386.2
To Date 976.7 70.7 120.2 205.0 11.4 1743.0 31.8 158.8 3521.5
Year Ago 785.2 55.4 57.2 228.3 7.1 1788.4 30.9 164.7 3337.4
*Totals include data from other crops not shown including rye, soybeans,
canaryseed, mustard seed, beans, lentils and chickpeas.
Source: Commodity News Service Canada (news@marketsfarm.com, or 204-414-
9084)

Midwest Weather Forecast: Mostly dry conditions, but some rain in southern areas this weekend. Temperatures should average near to above normal

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
October +72 Dec +160 Dec +56 Dec +77 Nov +15 Dec N/A
November +72 Dec +65 Dec +82 Nov
December +73 Dec +65 Dec +80 Jan
68

DJ ICE Canada Cash Grain Close – Oct 9
WINNIPEG, Oct. 9 (MarketsFarm) – The following are the
closing cash canola prices from ICE Futures. Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 493.80 -29.00 Nov 2020 dn 2.60
Basis: Thunder Bay 539.30 12.00 Nov 2020 up 4.50
Basis: Vancouver 551.30 24.00 Nov 2020 up 4.50
All prices in Canadian dollars per metric ton.

DJ Malaysian PM Cash Market Prices for Palm Oil – Oct 12
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday, supplied by commodity broker Matthes & Porton Bhd.
Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil, which are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul, a Malaysian measurement equivalent to 60 kilograms.
Refined, bleached and deodorized palm oil, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 785.00 +22.50 Unquoted – –
Nov 777.50 +25.00 Unquoted – –
Dec 755.00 +20.00 Unquoted – –
Jan/Feb/Mar 727.50 +12.50 Unquoted – –
Apr/May/Jun 705.00 +12.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 787.50 +22.50 Unquoted – –
Nov 780.00 +25.00 Unquoted – –
Dec 757.50 +20.00 Unquoted – –
Jan/Feb/Mar 730.00 +12.50 Unquoted – –
Apr/May/Jun 707.50 +12.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 780.00 +15.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 702.50 +07.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 3,080.00 +70.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 196.00 +03.00 Unquoted – –
($1=MYR4.142)

DJ China Dalian Grain Futures Closing Prices, Volume – Oct 12
Soybean No. 1
Turnover: 157,432 lots, or 7.16 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-20 4,465 4,572 4,465 4,572 4,454 4,527 73 153 1,053
Jan-21 4,524 4,603 4,489 4,572 4,479 4,543 64 146,292 109,070
Mar-21 4,537 4,622 4,513 4,558 4,514 4,572 58 1,050 2,713
May-21 4,598 4,680 4,582 4,647 4,575 4,632 57 8,775 15,742
Jul-21 4,627 4,710 4,615 4,684 4,625 4,665 40 1,114 2,672
Sep-21 4,626 4,687 4,595 4,677 4,590 4,653 63 48 250
Corn
Turnover: 1,449,557 lots, or 37.12 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-20 2,488 2,551 2,475 2,542 2,491 2,519 28 17,805 41,166
Jan-21 2,537 2,580 2,510 2,571 2,525 2,549 24 1,041,509 1,400,605
Mar-21 2,540 2,588 2,525 2,582 2,540 2,563 23 24,232 24,505
May-21 2,571 2,615 2,551 2,608 2,565 2,588 23 225,434 547,715
Jul-21 2,585 2,628 2,565 2,622 2,581 2,601 20 104,510 88,812
Sep-21 2,583 2,631 2,570 2,626 2,580 2,608 28 36,067 50,716
Soymeal
Turnover: 2,333,922 lots, or 74.44 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-20 3,234 3,278 3,220 3,263 3,234 3,247 13 9,672 37,956
Dec-20 3,263 3,305 3,241 3,292 3,259 3,272 13 10,646 2,410
Jan-21 3,257 3,303 3,241 3,286 3,252 3,273 21 1,469,935 1,389,112
Mar-21 3,060 3,172 3,060 3,152 3,099 3,138 39 68,447 26,165
May-21 3,004 3,078 2,996 3,061 2,993 3,042 49 566,082 988,232
Jul-21 2,950 3,021 2,935 3,004 2,952 3,001 49 112,263 18,409
Aug-21 3,095 3,095 2,972 3,038 2,988 3,023 35 3,683 8,164
Sep-21 2,979 3,054 2,971 3,041 2,987 3,015 28 93,194 103,307
Palm Oil
Turnover: 1,085,849 lots, or 67.29 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Oct-20 – – – 6,308 6,308 6,308 0 0 68
Nov-20 6,326 6,542 6,326 6,458 6,302 6,450 148 563 721
Dec-20 6,274 6,430 6,260 6,406 6,206 6,372 166 3,031 1,712
Jan-21 6,080 6,300 6,072 6,256 6,022 6,210 188 919,631 389,514
Feb-21 6,036 6,252 6,036 6,214 5,998 6,196 198 88,002 9,207
Mar-21 6,004 6,202 6,000 6,168 5,960 6,138 178 15,813 2,982
Apr-21 5,960 6,150 5,960 6,118 5,872 6,094 222 19 178
May-21 5,880 6,038 5,870 6,006 5,838 5,968 130 58,428 73,704
Jun-21 5,874 5,886 5,856 5,886 5,840 5,872 32 7 12
Jul-21 – – – 5,830 5,788 5,830 42 0 5
Aug-21 – – – 5,810 5,798 5,810 12 0 2
Sep-21 5,764 5,896 5,758 5,888 5,744 5,846 102 355 1,552
Soybean Oil
Turnover: 871,747 lots, or 62.05 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-20 7,066 7,300 7,066 7,280 7,060 7,250 190 1,932 2,146
Dec-20 7,174 7,272 7,152 7,266 7,088 7,242 154 737 480
Jan-21 7,070 7,240 7,046 7,210 7,010 7,158 148 710,851 545,140
Mar-21 7,040 7,208 7,030 7,170 7,008 7,120 112 8,659 6,159
May-21 6,850 7,022 6,842 6,992 6,822 6,938 116 116,629 243,991
Jul-21 6,766 6,948 6,766 6,918 6,762 6,864 102 31,750 5,833
Aug-21 6,764 6,910 6,750 6,910 6,722 6,832 110 115 258
Sep-21 6,748 6,876 6,732 6,838 6,698 6,812 114 1,074 3,221
Notes:
1) Unit is Chinese yuan a metric ton;
2) Ch. is day’s settlement minus previous settlement;
3) Volume and open interest are in lots;
4) One lot is equivalent to 10 metric tons.

Questions? Ask Jack Scoville today at 312-264-4322